Statement of Owner's Equity The capital account for Minta's Editorial Services, including an additional investment, and a partial work sheet are shown. GENERAL LEDGER Minta Berry, Capital ACCOUNT ACCOUNT NO. 311 BALANCE DEBIT CREDIT DATE ITEM POST. REF. DEBIT CREDIT 20-- Jan. 1 Balance 3,600.00 6,500.00 22 11 2,900.00 Minta's Editorial Services Work Sheet (Partial) For Month Ended January 31, 20- Income Statement Balance Sheet ACCOUNT TITLE DEBIT CREDIT DEBIT CREDIT Cash 3,800.00 2,200.00 1,000.00 950.00 4,500.00 225.00 Accounts Receivable Supplies Prepaid Insurance Computer Equipment Accum. Depr.-Computer Equipment Accounts Payable Wages Payable Minta Berry, Capital Minta Berry, Drawing Editing Fees 2,100.00 150.00 6,500.00 1,700.00 7,012.00 600.00 Wages Expense Advertising Expense 49.00 950.00 4,500.00 Prepaid Insurance Computer Equipment Accum. Depr.-Computer Equipment Accounts Payable 225.00 2,100.00 150.00 Wages Payable Minta Berry, Capital 6,500.00 Minta Berry, Drawing 1,700.00 7,012.00 Editing Fees Wages Expense 600.00 Advertising Expense 49.00 450.00 288.00 44.00 Rent Expense Supplies Expense Phone Expense Utilities Expense Insurance Expense Depr. Expense - Computer Equipment Miscellaneous Expense 38.00 125.00 225.00 18.00 Net Income 1,837.00 7,012.00 14,150.00 8,975.00 5,175.00 5,175.00 7,012.00 7,012.00 14,150.00 14,150.00 Required: Prepare a statement of owner's equity. Minta's Editorial Services Statement of Owner's Equity For Month Ended January 31, 20 Minta Berry, Capital, January 1, 20- Investments during January Miscellaneous Expense 18.00 1,837.00 7,012.00 14,150.00 8,975.00 5,175.00 5,175.00 Net Income 7,012.00 7,012.00 14,150.00 14,150.00 Required: Prepare a statement of owner's equity. Minta's Editorial Services Statement of Owner's Equity For Month Ended January 31, 20- Minta Berry, Capital January 1, 20 Investments during January Total investment 5,175 1,700 Net income for January Less withdrawals for January Increase in capital Minta Berry, Capital, January 31, 20 Feedback Check My Work Partially correct